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Social Security Stupidity

I’m guessing this story on Social Security in the Dallas Morning News was actually triggered by this story in Newsweek — when was the last time the DMN had an original idea? If ever? Regardless, fear mongering over social security has always been rooted in outright stupidity. But at least when times are good and there’s not much of anything else to worry about on the fiscal and economic front, then what the hell — I can understand how people think they might be able to grab a few headlines with their Chicken Little rants. But in today’s environment? Are you kidding me? By their own admission, the Social Security trust fund is rock solid 100% solvent through the year 2037. I’m guessing these people can’t do simple math, so let’s do it for them — that’s 28 years! Name me one other financial institution that is that solid financially right now. Where have these people been over the last 12 months? The entire banking industry is on the verge of collapse, and would have long ago without billions of dollars of money from the government. General Motors and Chrysler are in the process of filing for bankruptcy. The stock market has lost 40% of it’s value. And these people are worried about something that might happen 28 years from now? And even if it does happen in 28 years (that’s a very, very conservative estimate by the way) all it will need to continue ad infinitum is some minor tweaks. In the grand scheme of things these days, if you made a list of the top 100 problems facing this country, Social Security doesn’t even make the list. Doesn’t even come close. It’s almost to the point where you have to start feeling sorry for these people that keep dregging up this issue. They clearly should not be allowed to be out in public without supervision.